Related Articles
THG Secures Substantial Investment for Future Growth
THG has raised £90 million through a share placing and refinancing initiative. Founder and CEO Matthew Moulding invested £60 million, including a £55 million convertible loan and £5 million in partly paid shares, while an additional £30 million was raised by selling shares at 32.3p each. According to Sharecast, this move follows the Ingenuity demerger and THG's inclusion in the FTSE 250. The company views this equity placing and refinancing as a crucial step towards simplifying its debt and equity investment strategy, positioning itself as a cash-generative global retailer ready for its next growth phase in expanding consumer markets.
Urgent Call for VAT Reform: Why Hygiene Should Be Tax-Free
The Hygiene Bank has launched the #StopTheSoapTax campaign, urging the UK government to eliminate VAT on soap. This initiative includes a petition and an awareness campaign using edible soap to highlight the dilemma faced by those choosing between food and hygiene products. Despite VAT being removed from period products, soap remains taxed at 20% in the UK, where 5.3 million adults have had to prioritize food over toiletries in the past year. Ruth Brock, CEO of The Hygiene Bank, emphasizes that soap is a necessity, not a luxury, advocating for hygiene as a fundamental right beyond mere VAT reform.
Unilever's Playful Prank: Lynx Africa Returns with a Fresh Twist
Unilever played a prank on fans of Lynx Africa fragrance by announcing its discontinuation via social media, only to reveal that the scent has been relaunched with a refreshed design. According to The Grocer, the updated fragrance is available in all formats, featuring a longer-lasting body spray and an anti-perspirant with 'no white marks' technology. Lynx Marketing Manager, Josh Plimmer, explained that Lynx Africa is not only the top fragrance in the UK but also a cultural landmark for young men. The brand aims to engage its audience socially and keep things entertaining by staying attuned to trends.